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Surging natural gas prices squeeze U.S. industrial sector

Reuters · Marcy de Luna · last updated

HOUSTON/CHICAGO, May 16 (Reuters) — Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions. 

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Related Knowledge Center: ENERGY BASICS: natural gas

State of Play

Background on natural gas issues. 

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Related Knowledge Center: Energy security and pricing

State of Play

The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

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